Summary

B. Lowsley The Coinages of the Channel Islands

What is the standard of order-money? Does order-money really exist, or has it ever existed?' The livre of order-money is considered worth fifty per cent. more than the livre-tournois; and the distinction is supposed to be derived from the Order in Council of the year 1729. But that Order in Council did not establish that difference: it did not change the relative value of the sou and the livre. There was, in fact, no such thing as order-money, except for liards, and thus it did not apply to sous or livres.
Source: Gutenberg

B. Lowsley The Coinages of the Channel Islands

They seemed not to be aware that a paper currency must be based on a metallic one; that it must represent, and be exchangeable for, a metallic currency, and therefore must follow the fluctuations of the latter in value; since, if not exchangeable, at the option of the bearer, for metallic value, it at once becomes depreciated, and drives from circulation the metallic currency by which it is designated. The lower the value of the notes, or paper currency, the greater will become the scarcity of the coin.
Source: Gutenberg

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